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What are your costs?

Purchasing a home involves one-time costs and monthly expenses.
The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property.
In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed below:

EXPENSE	PAID
Mortgage Application and Appraisal Fee	At time of application
Appraisal Fee	At inspection
Property Inspection (optional)	At inspection
Legal Fees	Closing
Legal Disbursements	Closing
Deed and/or mortgage registration	Closing
Property Survey (sometimes provided by seller)	When completed
Land Transfer, Deed Tax or Property Purchase Tax (in Quebec within 3 months following signing)	Closing
Mortgage Interest Adjustment and Take Over Fee (if applicable)	Closing
Adjustments for Fuel, Taxes, etc.	Closing
Mortgage Insurance (and application fee if applicable)	Closing
Home and Property Insurance	Closing and on-going
Connection charges for utilities such as gas, water and electricity	Date of move
Moving Expenses	Date of move

Other Costs may include:

landscaping
redecorating
furnishings
appliances
repairs

Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.

Informative Videos For Buyers
»	Benefits of Signing a Buyer Representation Agreement (B.R.A.)

Buyer's Information:
»	What Are Your Costs?
»	What Are Market Conditions?
»	Why A Pre-Approved Mortgage?
»	Elements Of An Offer
»	Making An offer
»	Home Inspections Are A Must
»	Homeowner's Insurance
»	Land Transfer Taxes
»	HST Calculator
»	Helpful Moving Tips
»	Why Hire A Legal Professional?
»	Canada Housing and Mortgage Corporation(CMHC)

Homelife/Vision Realty Inc., Brokerage

- Independently Owned and Operated -
1945 Leslie Street - Toronto, Ontario, M3B2M3
Phone 416-383-1828 Fax 416-383-1821 Cell 416-903-9718

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The material provided in the pages of this website is for informational purposes only. Although the site owner and creators assume the information to be correct, and attempt to keep information in the pages of this website as current as possible, they do not warrant the accuracy or completeness of any information included in or linked to this page.